THE OAKS, BINGLEY GROVE, WOODLEY, READING, RG5 4TT - £435,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE OAKS is a large detached house of 138m², built sometime between 1996 and 2002. It was last sold for £435,000 in July 2009, which was around 17% above the average July 2009 detached price in the Wokingham local authority area. The most recent EPC inspection was May 2009, where the current energy rating was D, and the potential energy rating was C.

THE OAKS Sold Prices

Land registry data shows four sales for THE OAKS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. All of the four THE OAKS sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2009 17 JUL	£435,000	£372,363	17% above HPI
2002 29 AUG	£362,000	£316,032	15% above HPI
1997 22 AUG	£210,000	£158,233	33% above HPI
1996 18 APR	£180,000	£132,283	36% above HPI

THE OAKS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wokingham local authority area over time, sourced from the HPI. The four THE OAKS sales between April 1996 and July 2009 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2002 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the July 2009 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is THE OAKS?

THE OAKS is 138m² according to the EPC inspection conducted in May 2009. This puts it in the largest 30% of detached houses in Woodley, based on EPC data. The below chart shows the distribution of detached houses by size in Woodley, and where THE OAKS lies on this distribution: 73% of detached houses are smaller than THE OAKS, and 27% of houses are larger. Note that EPC data is not available for all properties in Woodley.

THE OAKS: Plot and Title Map

THE OAKS sits on a plot of roughly 0.149 of an acre, or 604m². The below map shows the location of THE OAKS, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of THE OAKS). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is THE OAKS?

THE OAKS is located on BINGLEY GROVE in WOODLEY, in the RG5 postcode district. The below map shows the position of THE OAKS on BINGLEY GROVE.